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India's Tata Steel signs pact with Dutch government to lower carbon emissions
Published by Global Banking and Finance Review
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
Tata Steel partners with the Dutch government to reduce carbon emissions at its IJmuiden plant, seeking subsidies and EU funding.
(Reuters) -Tata Steel has signed a non-binding pact with the government of Netherlands to transition to low-carbon emission steel production at its IJmuiden plant, the Indian steelmaker said on Monday.
The plant is among the largest polluters in the country and Tata has been in talks with the Dutch government for months over subsidies to help it clean up production processes.
The government intends to provide up to 2 billion euros ($2.35 billion) under the pact, while Tata Steel's Dutch unit has applied to the EU Innovation Fund for 0.3 billion euros, the company said in a filing to stock exchanges.
The remaining spending is expected to be financed by a combination of cash generated by Tata Steel Nederland, project financing debt and funding by Tata Steel.
Tata Steel Nederland has not finalised the total expenditure as it has not completed the full engineering of the project, the company said.
($1 = 0.8527 euros)
(Reporting by Chris Thomas in Mexico City; Editing by Sahal Muhammed)
Tata Steel signed a non-binding pact with the Dutch government to transition to low-carbon emission steel production at its IJmuiden plant.
The Dutch government intends to provide up to 2 billion euros (approximately $2.35 billion) under the pact.
Tata Steel's Dutch unit has applied to the EU Innovation Fund for 0.3 billion euros, and the remaining spending is expected to be financed through various sources including project financing debt.
No, Tata Steel Nederland has not finalized the total expenditure as it has not completed the full engineering of the project.
The IJmuiden plant is among the largest polluters in the Netherlands, making this agreement significant for reducing carbon emissions in the country.
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